Business interruption loans:

So far:

• Companies (loss-making) are being rejected on the Viability criterion
• Viability is being narrowly interpreted as profitable, and most of the banks are asking for personal guarantees from the directors
• The CBILS scheme as currently launched doesn't work for early stage loss-making businesses at all. People are working on it though and the BBB and Treasury are listening (Simon Menashy)

Ongoing:

• Simon Menashy: I have [been in touch with BBB] - they are talking to venture debt providers about whether the announced loan schemes could work for loss-making early stage companies @Sean Dunne, DM me and I can connect you. They are also considering a new equity programme.